NKF Real Estate secures up to 20% recurring rental income through holiday homes for investors in Dubai
Fully-furnished holiday homes provide readily available facilities that make them attractive accommodation choices for vacationers and those seeking short-term stays for work or leisure, instead of hotels
Date: Dubai, UAE; November 17, 2023
News Highlights:
- The number of holiday homes in Dubai has reached 21,000 in 2023, around 2.82 percent of the 743,000 residential units in Dubai in 2022;
- Holiday homes hosted 137,144 guests in Dubai in the first quarter of 2023;
- In the first half of 2023, Dubai welcomed 9.83 million visitors, surpassing the pre-pandemic record. With such a high estimate, vacation homes are predicted to fetch Dh1.17 billion (US$319.1 million) in 2023;
- Globally, revenue in the vacation rentals market is projected to grow a Compound Annual Growth Rate (CAGR 2023-2027) of 3.37 percent, from US$94.34 billion in 2023 to US$107.7 billion by 2027.
UAE News 24/7 